Materion (NYSE:MTRN) Trading Down 2%

Materion Co. (NYSE:MTRN) shares fell 2% during mid-day trading on Thursday . The company traded as low as $134.71 and last traded at $136.16. 17,886 shares changed hands during trading, a decline of 81% from the average session volume of 92,441 shares. The stock had previously closed at $139.00.

Wall Street Analysts Forecast Growth

Separately, KeyCorp upped their price target on Materion from $140.00 to $157.00 and gave the company an “overweight” rating in a research report on Friday, February 16th.

Materion Stock Down 5.2 %

The firm has a fifty day moving average price of $127.80 and a 200 day moving average price of $116.68. The company has a quick ratio of 1.05, a current ratio of 2.78 and a debt-to-equity ratio of 0.45. The company has a market cap of $2.72 billion, a P/E ratio of 29.80 and a beta of 1.15.

Materion (NYSE:MTRN) last issued its quarterly earnings results on Thursday, February 15th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.03. Materion had a return on equity of 13.49% and a net margin of 5.75%. The business had revenue of $421.00 million for the quarter, compared to analyst estimates of $420.50 million. During the same quarter in the prior year, the firm posted $1.49 earnings per share. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. Equities research analysts forecast that Materion Co. will post 6.3 earnings per share for the current year.

Materion Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Thursday, February 22nd were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.39%. The ex-dividend date was Wednesday, February 21st. Materion’s payout ratio is 11.35%.

Insider Buying and Selling at Materion

In other Materion news, VP Gregory R. Chemnitz sold 3,000 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $133.74, for a total value of $401,220.00. Following the transaction, the vice president now owns 14,510 shares of the company’s stock, valued at $1,940,567.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, VP Gregory R. Chemnitz sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $133.74, for a total transaction of $401,220.00. Following the sale, the vice president now owns 14,510 shares of the company’s stock, valued at $1,940,567.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Shelly Marie Chadwick sold 2,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $132.60, for a total value of $265,200.00. Following the sale, the chief financial officer now directly owns 13,147 shares in the company, valued at approximately $1,743,292.20. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Aurora Investment Counsel grew its stake in Materion by 1.2% in the fourth quarter. Aurora Investment Counsel now owns 6,505 shares of the basic materials company’s stock valued at $846,000 after purchasing an additional 80 shares in the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of Materion by 3.7% in the fourth quarter. Orion Portfolio Solutions LLC now owns 2,592 shares of the basic materials company’s stock valued at $321,000 after buying an additional 92 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Materion by 6.2% in the second quarter. Ameritas Investment Partners Inc. now owns 1,697 shares of the basic materials company’s stock valued at $194,000 after buying an additional 99 shares during the last quarter. New York State Common Retirement Fund lifted its position in shares of Materion by 0.3% in the third quarter. New York State Common Retirement Fund now owns 37,474 shares of the basic materials company’s stock valued at $3,819,000 after buying an additional 106 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Materion by 1.4% in the second quarter. The Manufacturers Life Insurance Company now owns 8,278 shares of the basic materials company’s stock valued at $945,000 after buying an additional 114 shares during the last quarter. 93.56% of the stock is currently owned by institutional investors.

Materion Company Profile

Materion Corporation, together with its subsidiaries, produces advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center in the United States, Asia, Europe, and internationally. The company operates in four segments: Performance Materials, Electronic Materials, Precision Optics, and Other.